Drilling Imminent as Lachlan Star Targets Extensions of High-Grade Gold

High-Grade Gold Confirmed at New Waverley

Lachlan Star Limited (ASX:LSA) has reported compelling high-grade gold assay results from initial rock chip sampling at its recently acquired New Waverley Gold Project, situated in Western Australia’s renowned Norseman mining district. The assays revealed gold grades as high as 31.8 grams per tonne (g/t) within quartz reef material, confirming the presence of Norseman-type quartz reef-hosted mineralisation.

This early sampling targeted stacked quartz reef systems exposed in historical workings including the Waverley Pit, Trial Pit, and Baker Boys trend. Notably, the Trial Pit footwall reef returned the standout 31.8g/t Au result, while other significant assays ranged from 3.58g/t to 6.04g/t Au across multiple veins. These results align with historical data and reinforce the project’s potential for high-grade gold shoots.

Imminent Drilling to Extend High-Grade Zones

Building on these encouraging findings, Lachlan Star is poised to commence a maiden diamond drilling campaign in mid-March. The program aims to systematically test and extend high-grade gold mineralisation beyond the limits of historical intercepts, some of which include impressive grades such as 4.1 metres at 12.53g/t Au and 4 metres at 13.83g/t Au from previous drilling.

The drilling will focus on priority targets identified through recent in-pit structural mapping and rock chip sampling, particularly within the 400-metre strike length of the stacked quartz reef shear system. Following diamond drilling, an in-fill Reverse Circulation program is planned to further delineate the mineralised zones.

Strategic Location and Project Context

New Waverley lies approximately 16 kilometres northeast of Norseman and adjacent to Pantoro Gold Limited’s Norseman Gold Project, which boasts a 4.6 million ounce gold resource. The project area includes granted mining leases with historical small open pits dating back to the late 1980s. The geological setting is characterised by quartz reefs hosted within the Woolyeenyer Formation, a key stratigraphic unit known for prolific gold production exceeding six million ounces in the district.

Lachlan Star’s acquisition of a 90% interest in New Waverley from local prospector David Pascoe, who retains a 10% free-carried interest, has been swiftly followed by systematic exploration activities. The company has also secured necessary heritage agreements with the Ngadju people, ensuring compliance and community engagement.

Parallel Exploration at North Cobar

Alongside its Western Australian focus, Lachlan Star has reported final assay results from diamond drilling at the North Cobar Copper-Gold Project in New South Wales. The drilling intersected a hydrothermal system consistent with Cobar-style mineralisation, showing anomalous zinc and sulphide mineralisation. However, the core gravity anomaly targeted by the program was not intersected, indicating the need for further vectoring and exploration to locate the system’s centre.

Looking Ahead

With drilling imminent at New Waverley and ongoing technical work across its portfolio, Lachlan Star is positioning itself to unlock significant value from its high-potential gold assets in one of Australia’s most prolific gold regions. The forthcoming assay results from recent sampling and the maiden drill campaign will be critical in defining the scale and continuity of the mineralisation.